Recent Updates — PHOS
August 24, 2026View Source ↗
First Phosphate Corp filed an updated NI 43-101 Technical Report for its Bégin-Lamarche phosphate project in Quebec, effective May 1, 2026. The filing reports a 378% increase in Indicated Mineral Resources compared to the initial estimate from September 2024. Measured resources total 6.2 million tonnes at 7.70% P2O5, while Indicated resources stand at 198.5 million tonnes at 6.00% P2O5 and Inferred resources are 89.5 million tonnes at 6.16% P2O5. Metallurgical testing confirms an apatite concentrate grade of 40.4% P2O5 with 88% recovery, qualifying the material for battery-grade phosphoric acid production. The company operates in the mineral exploration and development industry.